Wisconsin Investment Board Offloads Bitcoin ETF Stake

The Wisconsin Investment Board (SWIB), responsible for managing state retirement funds, recently divested its entire stake in BlackRock’s iShares Bitcoin Trust ETF (IBIT). The sale occurred during the first quarter, as filings with the US Securities and Exchange Commission reveal. SWIB liquidated all 6,060,351 IBIT shares they held from the previous quarter, resulting in a loss of roughly $355.6 million at current prices.